10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, CMG, GS, INTC)

German soccer fans

Here is what you need to know.

The US intends to break the WTO to deal with the ‘multi-trillion dollar problem’ that is China, a former diplomat says. The Trump administration has gone on the offensive to push China into playing by its trade rules in an effort to “level the playing field,” and has now moved to an all-out trade war that could effectively nullify the World Trade Organization, Hosuk Lee-Makiyama, director of the European Centre for International Political Economy and Sweden’s former envoy to the WTO, tells Business Insider.

Chinese stocks are in a bear market. China’s Shanghai Composite has plunged nearly 23% since hitting a two-year high on January 29.

The Indian rupee tumbles to a record low. The rupee touched a record low of 69.09 per dollar on Thursday amid the recent run up in oil prices.

The world’s most successful investment firms pay Rob Arnott for advice — here’s where he says you should be putting your money. Rob Arnott, chairman and chief executive of Pimco subadviser Research Affiliates LLC, tells Business Insider why he likes emerging markets.

Intel’s temporary CEO is reportedly not pursing the job. Intel interim CEO Bob Swan has told employees he is not trying to keep the job on a full-time basis, the Wall Street Journal reports.

Chipotle is getting ready to close dozens of locations. The burrito chain plans to close 55 to 65 locations as it attempts to turn around business.

Goldman’s CEO-in-waiting has a hot new song on Spotify. Business Insider’s Dakin Campbell has learned that Goldman Sachs President David Solomon, who is an electronic dance music DJ in his spare time, released his first single, “Don’t Stop,” in early June. It’s a remix of the popular Fleetwood Mac song. …read more

Source:: Business Insider


Jack Dorsey met Ted Cruz and other Republicans about Twitter’s supposed liberal bias (TWTR)

Jack Dorsey Serious

Twitter chief executive Jack Dorsey has extended an olive branch to high-profile Republicans who think right-wingers are being censored.
That includes US senator Ted Cruz, according to The Washington Post.
Right-wingers have accused Twitter, Facebook, and YouTube of censoring their voices, or casting right-wing issues in a negative light.
Dorsey admitted that the upper executive ranks of Twitter tend to lean left.

Twitter chief executive Jack Dorsey took a series of meetings with high-profile Republicans, including senator Ted Cruz, to assuage their fears about his company’s supposed liberal bias.

According to The Washington Post’s Tony Romm, citing sources, Dorsey had dinner on June 19 with Mercedes Schlapp (a communications advisor to Donald Trump), Fox commentator Guy Benson, TV host Greta Van Susteren, and Americans for Tax Reform founder Grover Norquist.

Right-wingers have expressed fear that they are censored on services like Facebook, YouTube, and Twitter.

While Dorsey was reportedly there to build trust, the group accused him of showing his own progressive bias by tweeting about issues such as gay rights and immigration.

They also said he needed to hire engineers with diverse political viewpoints.

According to the Post, Dorsey separately met with Ted Cruz and pro-Trump Fox News host Sean Hannity.

Some of the people Dorsey met want him to look into Twitter’s news feature Moments, which they said often painted conservatives in a negative light. So far, Twitter hasn’t publicly announced any changes.

Dorsey did admit internally that he and Twitter’s board lean left.

According to a memo obtained by the Post, he wrote: “It’s no secret that we are largely left leaning, and we all have biases. That includes me, our board, and our company.”

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Source:: Business Insider


Line is launching its own cryptocurrency exchange next month

Tokyo-based messaging titan Line is gearing up to launch its own cryptocurrency exchange desk – but the service will not be immediately available to all users. In an announcement on its website, the company said its new undertaking, called BITBOX, is set to take off in July. Unfortunately, the service will not be available to users in the US and Japan, which is where the messenger was initially founded. But this is hardly surprising in light of the recent regulatory crackdowns in the country. Indeed, leading exchange desk Binance also opted to move its operations out of Japan not so long…

This story continues at The Next Web …read more

Source:: The Next Web – Technology


‘Don’t cry my love… you’ll get out of there soon’: A 7-year-old boy wept down the phone to his mom after being taken from his family at the US border

Border US family separation

A recording obtained by Vice News features a seven-year-old boy crying down the phone to his mother.
He was calling his mom back in Guatemala after being taken from his father at the US border when the two crossed in May.
The mother asks her, who cries throughout, whether he has a place to play, and tells him to stay strong.
More than 2,000 children have been separated from their parents under the Trump administration’s immigration policies.
A judge signed an order on Tuesday saying that the government must reunite families within 30 days.

A new recording shows a seven-year-old boy crying down the phone to his mother after being separated from his family at the US border.

The boy and his mother spoke on Tuesday, where she tried to reassure her son that he would see his family soon. They have been apart for almost a month, according to Vice News, which obtained the audio.

In the exchange, translated from Spanish, she says: “Don’t cry, my love. Be happy. You’ll get out of there soon.

“Your dad is going to call you. Do you want to talk to him? Remember that God exists, honey. Kneel and pray to God. Ask him to help you get out of there.”

New: We obtained a recording of a phone call between a scared 7-year old being held in an ORR shelter and his mother in Guatemala. He crossed the border with his father almost a month ago and still hasn’t spoken to him.

“We are going to see you again,” she tells him. pic.twitter.com/sZFLbaatlH

— VICE News (@vicenews) June 27, 2018

The boy crossed the US-Mexico border with his father in May, when the two were separated, Vice said.

The boy was placed in an Office of Refugee Resettlement (ORR) shelter in Arizona and his father was detained in …read more

Source:: Business Insider


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